Nine Hospitality Investments purchases Swansea's Dragon Hotel

In Swansea, Wales, the Dragon Hotel has been sold to Nine Hospitality Investments in a multi-million pound deal. The Kingsway business had an asking price of some £4.75 million.

Simon Stevens of Christie & Co., the firm that handled the sale, told the South Wales Evening Post that "a number" of potential buyers had been interested in the property, and that the new owners were looking to "reposition" the hotel.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Nine Hospitality Investments already own Holiday Inn hotels in Watford, Kent, Rotherham and Birmingham along with Ibis hotels in Coventry and Birmingham, and the Novotel in Heathrow.

 

Suggested Articles

Reuben Brothers have completed the acquisition of the La Palma Hotel in Capri, the first and oldest hotel on the island, opened in 1822.

Rosewood Hotels & Resorts said that it would expand the number of properties with a residential component over the coming years.

Accor has committed to eliminating all single-use plastics which formed part of the guest experience by 2022.